Zurn Elkay Water Solutions Corp’s filing revealed that its Chairman and CEO ADAMS TODD A. unloaded Company’s shares for reported $6.56 million on Nov 07 ’24. In the deal valued at $39.15 per share,167,508 shares were sold. As a result of this transaction, ADAMS TODD A. now holds 2,272,347 shares worth roughly $89.94 million.
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Then, ADAMS TODD A. sold 120,000 shares, generating $4,779,600 in total proceeds. Upon selling the shares at $39.83, the Chairman and CEO now owns 2,242,867 shares.
Before that, PETERSON MARK W sold 22,203 shares. Zurn Elkay Water Solutions Corp shares valued at $869,247 were divested by the Chief Administrative Officer at a price of $39.15 per share. As a result of the transaction, PETERSON MARK W now holds 383,910 shares, worth roughly $15.2 million.
Exane BNP Paribas initiated its Zurn Elkay Water Solutions Corp [ZWS] rating to an Outperform in a research note published on March 12, 2024; the price target was $40. A number of analysts have revised their coverage, including Mizuho’s analysts, who decreased its forecast for the stock in early February from “a Buy” to “a Neutral”. Stifel also remained covering ZWS and has decreased its forecast on December 19, 2023 with a “Hold” recommendation from previously “Buy” rating. KeyBanc Capital Markets revised its rating on December 13, 2023. It rated ZWS as “a Sector weight” which previously was an “an Overweight”.
Price Performance Review of ZWS
On Monday, Zurn Elkay Water Solutions Corp [NYSE:ZWS] saw its stock fall -0.48% to $39.58. Over the last five days, the stock has lost -3.27%. Zurn Elkay Water Solutions Corp shares have risen nearly 34.58% since the year began. Nevertheless, the stocks have risen 33.67% over the past one year. While a 52-week high of $41.15 was reached on 12/10/24, a 52-week low of $27.55 was recorded on 01/09/24. SMA at 50 days reached $38.39, while 200 days put it at $33.41.
Levels Of Support And Resistance For ZWS Stock
The 24-hour chart illustrates a support level at 39.33, which if violated will result in even more drops to 39.07. On the upside, there is a resistance level at 39.86. A further resistance level may holdings at 40.13. The Relative Strength Index (RSI) on the 14-day chart is 50.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.79%. Stochastics %K at 25.50% indicates the stock is a holding.
How much short interest is there in Zurn Elkay Water Solutions Corp?
A steep rise in short interest was recorded in Zurn Elkay Water Solutions Corp stocks on 2024-11-29, dropping by -0.56 million shares to a total of 7.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 7.81 million shares. There was a decline of -7.7%, which implies that there is a negative sentiment for the stock.
